Tag Archives: financing closing costs

Photo by:  Pierre-Olivier Bourgeois

Should you consider financing closing costs, escrow reserves, or other cash needed at closing?

The first question we ask is, “How long do you expect to keep this mortgage?”  We will then determine a break even period for you.  That will tell us how many years (to the month) it will takes to break even for paying more money at closing to obtain a lower rate. Continue reading Should you consider financing closing costs, escrow reserves, or other cash needed at closing?